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NOMINEE IN BANK FD
‘Either-or-survivor’ clause lets the surviving joint account holder withdraw Fixed Deposit (FD) funds, but this does not make him or her the legal ownerJoint bank Fixed Deposit accounts often have an 'either or survivor' clause. This allows the surviving holder to access funds after the oth...
HDFC Bank net banking, mobile banking, UPI will be down during this timeHDFC Bank has informed its customers that net banking, mobile banking will not be working on May 25 for a certain period of time. HDFC Bank...
Three ways to invest in HDFC Bank tax-saving FDsHow to invest in tax-saving FDs: Individuals and Hindu Undivided Families (HUFs) are eligible to open tax-saving bank FDs. You have the cho...
Up to 7.9% interest rate on senior citizen tax saving FDs: Which banks are offering best rate?Individuals can claim income tax deductions of up to Rs 1.5 lakh under Section 80C of the Income-tax Act of 1961 when they make tax-saving ...
How to add a nominee to your SBI savings account, fixed deposits (FD)There are thousands of crores of unclaimed money in our country's banks. These are accounts where the bank holder put money and then died, ...
- What are the premature withdrawal charges?
Joint FD accountholders need to beware of ‘either or survivor’ clauseDespite RBI mandate, FD account holders face problems in premature withdrawal on death of joint holder.
Wrong nominee and right nominee for bank A/cs, FDs, mutual funds, financial assetsIt is known that one should nominate someone to receive the bank account money, fixed deposits, other financial assets after the death of a...
4 Best tax saving FDs offering over 6.5% interest rateThe interest rates on tax-saving fixed deposits vary by bank; here are the banks with the highest tax-saving FD interest rates.
Tax saving FD rates for senior citizens: These banks offer up to 7%Bank FDs with a tax advantage offer a fixed interest rate and assured returns for the entire term. The bank FD is one of the most popular f...
How to open SBI tax-saving FD scheme online to save taxInterest rates on SBI FDs maturing between 5 and 10 years will be 5.5 percent for general customers and 6.3 percent for senior citizens.
Tax saving FD interest rates above 6.4% for senior citizensWhen compared to the general public, senior citizens typically receive higher interest rates. Banks often pay a 0.50 percent higher interes...
How nominations work in insurance policies, bank accounts, shares, mutual funds, PPFA nomination is a very effective tool to access assets such as PPF, mutual fund etc. in case of death. If there is no nomination, the legal...
How term plans' staggered payout can be a rip-offBuying a term plan online used to be child's play. Now, given the complicated payout choices on offer, you can go horribly wrong.
How to tell when term insurance policies can be a rip-offInsurance companies have introduced complicated options that are not very helpful to the buyer. A regular term policy is the best option.
- Query Corner: Banking & Finance
Bankers have a right of lien and set-off. Set-off means the bank can adjust the credit balance in a customer's account against a debit bala...
- Query Corner: Banking
Our expert V N Kulkarni, Chief Counsellor, Abhay Credit Counselling Centre, guides you in matters relating to banking & finance.